Canlan Ice Sports Stock Buy Hold or Sell Recommendation
| ICE Stock | CAD 3.90 0.18 4.41% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Canlan Ice Sports is 'Hold'. The recommendation algorithm takes into account all of Canlan Ice's available fundamental, technical, and predictive indicators you will find on this site.
Check out Canlan Ice Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. In addition, we conduct extensive research on individual companies such as Canlan and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Canlan Ice Sports. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Canlan |
Execute Canlan Ice Buy or Sell Advice
The Canlan recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canlan Ice Sports. Macroaxis does not own or have any residual interests in Canlan Ice Sports or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canlan Ice's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Somewhat reliable | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Canlan Ice Trading Alerts and Improvement Suggestions
| Canlan Ice Sports generated a negative expected return over the last 90 days | |
| Canlan Ice Sports has high likelihood to experience some financial distress in the next 2 years | |
| Canlan Ice Sports has high financial leverage indicating that it may have difficulties to generate enough cash to satisfy its financial obligations | |
| Canlan Ice Sports has accumulated 49.27 M in total debt with debt to equity ratio (D/E) of 139.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Canlan Ice Sports has a current ratio of 0.67, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Canlan Ice until it has trouble settling it off, either with new capital or with free cash flow. So, Canlan Ice's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canlan Ice Sports sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canlan to invest in growth at high rates of return. When we think about Canlan Ice's use of debt, we should always consider it together with cash and equity. | |
| About 93.0% of Canlan Ice shares are held by company insiders | |
| Latest headline from news.google.com: Canlan Ice Sports Shares Down 4.4 percent - Heres What Happened - MarketBeat |
Canlan Ice Returns Distribution Density
The distribution of Canlan Ice's historical returns is an attempt to chart the uncertainty of Canlan Ice's future price movements. The chart of the probability distribution of Canlan Ice daily returns describes the distribution of returns around its average expected value. We use Canlan Ice Sports price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canlan Ice returns is essential to provide solid investment advice for Canlan Ice.
| Mean Return | -0.06 | Value At Risk | -0.25 | Potential Upside | 0.52 | Standard Deviation | 1.23 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canlan Ice historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canlan Ice Cash Flow Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Change In Cash | (9.0M) | 5.1M | 6.0M | 497K | 447.3K | 593.6K | |
| Free Cash Flow | (10.2M) | 11.6M | 6.9M | 4.7M | 5.4M | 5.6M | |
| Depreciation | 8.0M | 7.8M | 8.4M | 7.5M | 8.6M | 5.7M | |
| Other Non Cash Items | 3.6M | 2.1M | (5.0M) | 1.4M | 1.2M | 1.7M | |
| Capital Expenditures | 1.5M | 525K | 3.7M | 4.6M | 4.2M | 5.6M | |
| Net Income | (6.4M) | (1.1M) | 4.7M | 435K | 500.3K | 525.3K | |
| End Period Cash Flow | 7.5M | 12.5M | 18.5M | 19.0M | 21.9M | 23.0M | |
| Change To Inventory | 208K | 172K | (117K) | (17K) | (19.6K) | (18.6K) | |
| Dividends Paid | 1.4M | 367K | 0.0 | 1.6M | 1.4M | 1.5M | |
| Net Borrowings | (4.1M) | 5.7M | (2.8M) | (13.7M) | (12.3M) | (11.7M) | |
| Change To Netincome | 13K | (3.1M) | (1.8M) | (5.7M) | (5.1M) | (4.8M) | |
| Investments | 3.5M | 6.6M | (3.4M) | (4.6M) | (5.3M) | (5.6M) |
Canlan Ice Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canlan Ice or Leisure Products sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canlan Ice's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canlan stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.03 | |
β | Beta against Dow Jones | 0.31 | |
σ | Overall volatility | 1.26 | |
Ir | Information ratio | 0.03 |
Canlan Ice Volatility Alert
Canlan Ice Sports exhibits very low volatility with skewness of -2.74 and kurtosis of 21.61. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canlan Ice's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Canlan Ice's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Canlan Ice Fundamentals Vs Peers
Comparing Canlan Ice's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canlan Ice's direct or indirect competition across all of the common fundamentals between Canlan Ice and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canlan Ice or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canlan Ice's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canlan Ice by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canlan Ice to competition |
| Fundamentals | Canlan Ice | Peer Average |
| Return On Equity | -0.0154 | -0.31 |
| Return On Asset | 0.0083 | -0.14 |
| Profit Margin | (0.01) % | (1.27) % |
| Operating Margin | (0.01) % | (5.51) % |
| Current Valuation | 83.37 M | 16.62 B |
| Shares Outstanding | 13.34 M | 571.82 M |
| Shares Owned By Insiders | 93.45 % | 10.09 % |
| Number Of Shares Shorted | 337 | 4.71 M |
| Price To Earning | 20.04 X | 28.72 X |
| Price To Book | 1.17 X | 9.51 X |
| Price To Sales | 0.56 X | 11.42 X |
| Revenue | 86.15 M | 9.43 B |
| Gross Profit | 32.25 M | 27.38 B |
| EBITDA | 9.57 M | 3.9 B |
| Net Income | 435 K | 570.98 M |
| Cash And Equivalents | 18.53 M | 2.7 B |
| Cash Per Share | 0.90 X | 5.01 X |
| Total Debt | 49.27 M | 5.32 B |
| Debt To Equity | 139.00 % | 48.70 % |
| Current Ratio | 0.68 X | 2.16 X |
| Book Value Per Share | 3.35 X | 1.93 K |
| Cash Flow From Operations | 9.31 M | 971.22 M |
| Short Ratio | 0.80 X | 4.00 X |
| Earnings Per Share | (0.06) X | 3.12 X |
| Number Of Employees | 1 K | 18.84 K |
| Beta | 1.01 | -0.15 |
| Market Capitalization | 54.68 M | 19.03 B |
| Total Asset | 122 M | 29.47 B |
| Retained Earnings | (21.83 M) | 9.33 B |
| Working Capital | (5.26 M) | 1.48 B |
| Annual Yield | 0.03 % | |
| Five Year Return | 2.19 % | |
| Net Asset | 122 M |
Canlan Ice Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canlan . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.96 | |||
| Day Median Price | 3.9 | |||
| Day Typical Price | 3.9 | |||
| Price Action Indicator | (0.09) | |||
| Period Momentum Indicator | (0.18) | |||
| Relative Strength Index | 91.76 |
About Canlan Ice Buy or Sell Advice
When is the right time to buy or sell Canlan Ice Sports? Buying financial instruments such as Canlan Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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Other Information on Investing in Canlan Stock
Canlan Ice financial ratios help investors to determine whether Canlan Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Canlan with respect to the benefits of owning Canlan Ice security.